Tag: China

Alipay, the online and mobile payments service operated by Alibaba subsidiary Ant Financial, is expanding into Europe.

CreditEase, the largest peer to peer lender in China, is boosting its VC team as it continues its global expansion strategy. Read more: www.crowdfundinsider.com

China will soon kick off the second round of awarding licenses for private banks. Five private banks had opened for business in 2015. Read more: http://www.chinadaily.com/

Bank of China (Hong Kong), which has the largest branch network in the city, has no plans to scale down its traditional network, even as online banking has cut the need for physical visits. Read more: www.scmp.com

China will emerge as the leading export market in the payment sector in 2017, while Japan will become the leading export market for the overall FinTech sector. Read more: www.econotimes.com

Gongzi Qianbao, a Chinese mobile payroll management service provider, has raised $30m in a venture-backed financing round.

Though relatively new to online shopping, Chinese consumers already make up for almost half of global online retail sales, and are only growing in numbers. Read More: www.forbes.com

A new report by market research firm TNS identifies five triggers that acted together as catalysts for the dramatic changes in consumer behaviour that led to China’s “explosive” e-commerce growth. Read More: www.phnompenhpost.com

Half of China's ten biggest unicorns, or start-ups valued at US$1 billion or above, are financial technology firms. Read more: www.chinamoneynetwork.com

Chinese search engine Baidu.com has entered the financial revolution that is FinTech for the first time with an investment in an American Blockchain company. Read more: cointelegraph.com